Galway region house prices see 2.1% yearly increase

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Galway Daily business Galway house prices increase 2.1%

House prices in the Galway region has risen by 2.1% in the year leading to August 2023 according to the latest CSO figures.

The Central Statistics Office (CSO) has today released the Residential Property Price Index (RPPI) August 2023.

The western region of Galway, Mayo, and Roscommon has seen a 2.1% year-on-year increase in house prices according to the report.

There has been a stark divide between the trend of residential property prices between Dublin and other regions of the country.

House prices in Dublin fell by 2.3% while apartment prices were down by 0.2% during that year, while outside of the capital house prices were up by 3.1% and apartment prices grew by 1.8%.

The region outside of Dublin that saw the largest rise in house prices was the South-West (Cork, Kerry) at 4.4%, while at the other end of the scale, the Midlands region (Laois, Longford, Offaly, Westmeath) and the West region (Galway, Mayo, Roscommon) both saw a 2.1% rise.

Households paid a median price of €320,000 for a residential property in the 12 months to August 2023.

The lowest median price paid for a dwelling was €159,750 in Longford, while the highest was €634,919 in Dún Laoghaire-Rathdown.